Logan Capital Management Inc. Reduces Position in ASML Holding N.V. $ASML

Logan Capital Management Inc. cut its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 35.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,222 shares of the semiconductor company’s stock after selling 1,771 shares during the quarter. Logan Capital Management Inc.’s holdings in ASML were worth $2,582,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its holdings in ASML by 97.6% during the first quarter. Acadian Asset Management LLC now owns 153,939 shares of the semiconductor company’s stock valued at $101,978,000 after purchasing an additional 76,023 shares during the last quarter. Strategic Planning Group LLC increased its position in shares of ASML by 12.5% during the second quarter. Strategic Planning Group LLC now owns 6,552 shares of the semiconductor company’s stock valued at $5,251,000 after buying an additional 730 shares during the period. Empowered Funds LLC increased its position in shares of ASML by 5.0% during the first quarter. Empowered Funds LLC now owns 10,928 shares of the semiconductor company’s stock valued at $7,241,000 after buying an additional 519 shares during the period. Gunderson Capital Management Inc. bought a new stake in shares of ASML during the second quarter valued at about $1,702,000. Finally, Cidel Asset Management Inc. increased its position in shares of ASML by 4,478.0% during the second quarter. Cidel Asset Management Inc. now owns 17,076 shares of the semiconductor company’s stock valued at $13,685,000 after buying an additional 16,703 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company upped their price target on ASML from $1,105.00 to $1,140.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research report on Thursday, October 16th. UBS Group reiterated a “buy” rating on shares of ASML in a research report on Wednesday, October 15th. HSBC reiterated a “buy” rating on shares of ASML in a research report on Friday, October 17th. Finally, Berenberg Bank reiterated a “buy” rating on shares of ASML in a research report on Thursday, October 16th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,051.60.

ASML Stock Down 0.7%

ASML stock opened at $1,052.48 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average is $905.35 and its 200 day moving average is $794.83. The stock has a market cap of $413.92 billion, a price-to-earnings ratio of 42.84, a price-to-earnings-growth ratio of 1.75 and a beta of 1.87. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $1,060.73.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping the consensus estimate of $6.27 by $0.14. The company had revenue of $8.71 billion for the quarter, compared to analysts’ expectations of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. ASML’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the business earned $5.28 earnings per share. Sell-side analysts predict that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th will be paid a $1.857 dividend. This is an increase from ASML’s previous quarterly dividend of $1.86. This represents a $7.43 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, October 29th. ASML’s payout ratio is currently 25.56%.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.